Dreyfus will take over $4.7 billion in money market and equity assets from Bear Stearns Asset Management, effective in the second quarter, pending regulatory and shareholder approvals. About $3 billion in Bear Stearns Asset's money market assets and $1.7 billion in long-term assets will be transferred to new or existing Dreyfus funds. Bear Stearns Asset's S&P STARS Portfolio, Alpha Growth Portfolio and Intrinsic Value Portfolio mutual funds will be rebranded as Dreyfus Premier funds but will be subadvised by Bear Stearns Asset. The Bear Stearns S&P STARS Opportunities Portfolio and the Prime Money Market Portfolio will be rebranded and managed by Dreyfus. The Bear Stearns U.S. Dollar Cash Reserves Fund, an offshore money market fund, will become part of the Dreyfus-managed Universal Liquidity Plus Fund.